Park Avenue Securities LLC Acquires New Holdings in Banco Santander, S.A. (NYSE:SAN)

Park Avenue Securities LLC acquired a new stake in Banco Santander, S.A. (NYSE:SANGet Rating) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 25,209 shares of the bank’s stock, valued at approximately $58,000.

Several other hedge funds have also recently bought and sold shares of the company. Neuberger Berman Group LLC lifted its position in Banco Santander by 21.0% in the 1st quarter. Neuberger Berman Group LLC now owns 20,924 shares of the bank’s stock valued at $71,000 after purchasing an additional 3,637 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in Banco Santander by 8.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 55,648 shares of the bank’s stock valued at $129,000 after purchasing an additional 4,195 shares during the last quarter. Captrust Financial Advisors lifted its position in Banco Santander by 6.8% in the 2nd quarter. Captrust Financial Advisors now owns 66,222 shares of the bank’s stock valued at $185,000 after purchasing an additional 4,226 shares during the last quarter. Ieq Capital LLC raised its position in shares of Banco Santander by 51.4% during the 2nd quarter. Ieq Capital LLC now owns 15,781 shares of the bank’s stock worth $44,000 after buying an additional 5,355 shares in the last quarter. Finally, J.W. Cole Advisors Inc. raised its position in shares of Banco Santander by 37.3% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 19,752 shares of the bank’s stock worth $46,000 after buying an additional 5,364 shares in the last quarter. 1.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SAN has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Banco Santander from €3.50 ($3.80) to €3.60 ($3.91) in a research report on Wednesday, December 7th. Citigroup upgraded shares of Banco Santander from a “neutral” rating to a “buy” rating and boosted their price target for the stock from €3.20 ($3.48) to €3.50 ($3.80) in a research report on Tuesday, September 27th. StockNews.com upgraded shares of Banco Santander from a “hold” rating to a “buy” rating in a research report on Friday, October 28th. Finally, Credit Suisse Group boosted their target price on shares of Banco Santander from €4.00 ($4.35) to €4.10 ($4.46) in a report on Monday, October 10th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $3.94.

Banco Santander Trading Down 0.6 %

Shares of Banco Santander stock opened at $3.33 on Wednesday. The stock has a market capitalization of $55.93 billion, a price-to-earnings ratio of 5.74 and a beta of 1.12. Banco Santander, S.A. has a 1-year low of $2.26 and a 1-year high of $4.01. The firm has a fifty day simple moving average of $3.01 and a 200-day simple moving average of $2.69.

Banco Santander (NYSE:SANGet Rating) last released its earnings results on Wednesday, October 26th. The bank reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $13.58 billion during the quarter, compared to analysts’ expectations of $12.90 billion. Banco Santander had a net margin of 19.08% and a return on equity of 9.67%. As a group, research analysts predict that Banco Santander, S.A. will post 0.56 earnings per share for the current year.

Banco Santander Profile

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Banco Santander, SA provides various retail and commercial banking products and services to individuals, small and medium-sized enterprises, and large companies worldwide. It offers demand and time deposits, and current and savings accounts; mortgages, consumer finance, syndicated corporate loans, structured financing, cash management, export and agency finance, trade and working capital solutions, and corporate finance; and insurance products.

See Also

Institutional Ownership by Quarter for Banco Santander (NYSE:SAN)

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